Tokyo—The Yokohama Rubber Co., Ltd., announced today that the Company and the YOKOHAMA Magokoro (Sincere Heart) Fund, established as a social contribution fund by the Company's employees, donated ¥1 million in July through the Japanese Red Cross Society to support disaster victims, a city in Osaka Japan that was struck by a 6.1-magnitude earthquake in 18 June.
All of us here at Yokohama Rubber wish to express our sincerest sympathies to everyone suffering from the damages caused by this earthquake, and we pray for the earliest possible full recovery and return to normal life.
The YOKOHAMA Magokoro (Sincere Heart) Fund was established in May 2016 to make donations to help fund disaster relief efforts and to provide financial support for NPOs, NGOs and other nonprofit organizations working on contribution to society such as to conserve the environment and protect human rights. The Fund is supported by Yokohama Rubber employees who voluntarily contribute part of their monthly salary in units of ¥100. Yokohama Rubber matches the donations made by the Fund, thus doubling the financial support extended to people, communities and organizations in need of assistance.